Beyond DEX: the future of crypto trading on Solana is called Secretum

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Crypto asset trading continued to boom in 2021, reaching new and unprecedented highs:

Volumes reached $ 3.8 trillion in April 2021 when bitcoin hit its all-time high. Between August 2020 and 2021, the value traded on major decentralized exchanges (DEX), like Curve, Uniswap, and PancakeSwap increased by around 550%. € 390.7 billion) in July, while derivatives volumes jumped nearly 25% to $ 1.7 trillion. DEXs have gradually gained market share from CEXs:

One of the main drivers of this trend is the perceived superiority of DEX on many fronts:

DEXs replace centralized authority with automated protocols that allow direct trading and exchange of tokens, while CEX users cede control of their assets to exchange servers. DEXs give the user full control over their assets, removing jurisdictional constraints and removing the need for KYC procedures. DEXs generally have lower trading fees than CEXs.

Despite their continued success, DEXs are still affected by a series of significant challenges.

In addition, DEXs have been the subject of an increasing number of cyber thefts and hacks:

In March 2021, the DODO DEX suffered a smart contract hack, with attackers stealing around $ 3.8 million in cryptocurrency. In August 2021, hackers stole more than $ 600 million in digital tokens from Poly Network DEX. Half of all crypto hacks in 2020 came from DeFi and DEX protocols.

DEXs have not been able to resolve many of the CEX security issues. As the crypto trading industry continues to grow, there is a strong market demand for a definitive trading solution – one with all the advantages of DEX, without its weaknesses. This solution is about to hit the market and is called Secretum.

Secretum: Crypto Trading, reinvented.

Secretum is the world’s first and only fully decentralized, encrypted and secure trading DApp built on the Solana Blockchain. Secretum’s major innovation is to allow trading of all crypto assets (fungible and NFT) directly between users, via a hybrid messaging + trading function. The defining characteristics of Secretum are game-changing for crypto trading.

A secure and anonymous registration process, which only needs the user’s crypto wallet address – no emails, names or other personal data. A simple, intuitive and purely P2P trading interface for sending and receiving cryptocurrencies and NFTs. A unique search function to locate owners of specific NFT assets, allowing two parties to connect only through wallet address and trading. The advantages of Secretum over DEX are significant: no risk of sensitive data leakage and complete protection of the identity of the owners of crypto assets. All data is stored on independent and verified nodes of the Secretum network, with no central point of failure. Save low fees and nearly instant transactions, thanks to Solana’s capacity of 50,000 transactions per second and an average cost per transaction of just $ 0.000025. This compares favorably with the 1% to 0.3% + gas charges usually charged by DEXs. Traders can contact each other directly and find hidden liquidity in the crypto markets, which improves lead times and prices.

Secretum is set to launch its platform at a time when major DEXs are reaching valuations of up to billions of dollars:

As the crypto trade continues to grow, hacking attacks and computer theft will become an even greater threat in terms of frequency and size. Investors will therefore highly appreciate a premium private messaging and trading platform with unmatched security features. By leveraging the power of the Solana Blockchain to deliver unique benefits to crypto traders, Secretum is positioning itself to be that platform. Secretum lightweight paper.

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